Public Sector Pension Investment Board Grows Position in WisdomTree, Inc. $WT

Public Sector Pension Investment Board grew its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 18.8% in the third quarter, Holdings Channel.com reports. The firm owned 469,086 shares of the company’s stock after buying an additional 74,070 shares during the period. Public Sector Pension Investment Board’s holdings in WisdomTree were worth $6,520,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of WT. Simcoe Capital Management LLC boosted its holdings in WisdomTree by 23.5% in the 2nd quarter. Simcoe Capital Management LLC now owns 4,924,550 shares of the company’s stock worth $56,682,000 after buying an additional 935,505 shares during the period. Bank of New York Mellon Corp lifted its position in shares of WisdomTree by 8.1% during the second quarter. Bank of New York Mellon Corp now owns 1,425,822 shares of the company’s stock worth $16,411,000 after acquiring an additional 107,076 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of WisdomTree by 1,119.9% in the second quarter. Prudential Financial Inc. now owns 1,423,293 shares of the company’s stock worth $16,382,000 after acquiring an additional 1,306,620 shares during the period. Tidal Investments LLC purchased a new position in shares of WisdomTree in the second quarter valued at $15,649,000. Finally, Balyasny Asset Management L.P. raised its stake in shares of WisdomTree by 1,432.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,202,765 shares of the company’s stock valued at $13,844,000 after purchasing an additional 1,124,293 shares during the period. Institutional investors own 78.64% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen upgraded WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Oppenheimer raised their price objective on shares of WisdomTree from $17.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WisdomTree in a report on Wednesday, January 21st. Zacks Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Finally, Morgan Stanley set a $16.75 price target on shares of WisdomTree in a report on Tuesday, February 10th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.65.

Insider Activity at WisdomTree

In other WisdomTree news, COO R Jarrett Lilien sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $11.01, for a total value of $137,625.00. Following the completion of the sale, the chief operating officer directly owned 998,638 shares in the company, valued at $10,995,004.38. This trade represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider David M. Yates sold 6,820 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $11.12, for a total value of $75,838.40. Following the transaction, the insider owned 152,123 shares in the company, valued at $1,691,607.76. This trade represents a 4.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 9.30% of the stock is currently owned by insiders.

WisdomTree Stock Performance

Shares of NYSE WT opened at $17.02 on Thursday. The stock’s 50-day moving average is $14.32 and its 200 day moving average is $13.30. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 22.69 and a beta of 1.09. WisdomTree, Inc. has a 1-year low of $7.47 and a 1-year high of $17.09. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 1.94.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, January 30th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The company had revenue of $147.40 million for the quarter, compared to analysts’ expectations of $142.78 million. During the same quarter last year, the company earned $0.17 EPS. The firm’s revenue was up 33.2% compared to the same quarter last year. On average, sell-side analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, February 11th. WisdomTree’s dividend payout ratio (DPR) is currently 16.00%.

WisdomTree Company Profile

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.